Carriers implement GRIs on the transpacific - Spot rates from the Far East to the US rose by an average of USD 500 per FEU on 15 April as a group of carriers pushed General Rate Increases through. The announced GRIs ranged between USD 600 and 1 200 per FEU. This is the first big increase in spot rates on these trades since late 2021 and may well reflect a boost in carriers' confidence now that new long term rates for these trades have mostly been settled.
Webinar / Events
Transport Logistic | May 9 - 12, 2023
Xeneta at Transport Logistic in Munich
Transport Logistics Munich is only two weeks away, are you attending? In case you need extra encouragement to swing by the best booth (maybe we are biased) here is what’s in it for you: free market sessions, exclusive 1:1 meetings, and a buzzing booth. Reach out to your Customer Success Manager directly to learn more. Book a Meeting
Customer Ocean Webinar Recording | April 26, 2023
April '23 Freight Market Pulse Webinar Replay
In this month’s customer-exclusive webinar, hosts discussed critical market movements and then open up the conversation to our guest speaker, Steffen Blumhofer, Head of Transport and Logistics Sourcing at Hitachi to present how Hitachi has uniquely approached their supplier relationships as the market has changed—maximizing their value with Xeneta data. April Customer Webinar Replay
Market Analysis
iXRT Report | April 17, 2023
iXRT Market News: Ocean, Air, Selected Indices
Market conditions have continued to prove difficult for carriers as figures for February show container shipping demand fell to its lowest point since the peak of the Covid pandemic in China 36 months ago. Compared to the same period last year, the volumes in the first two months of this year have decreased by 7.5%. This decline has improved compared to the 9.7% drop observed when only comparing January of this year with 2022. However, this decrease mostly reflects an adjustment due to the occurrence of Chinese New Year earlier this year. Continue Reading
Weekly Container Freight Update | Week 17, 2023
Westbound Transatlantic Container Rates Head South, with Steep Monthly Drop
This month saw the most significant fall in rates on the westbound transatlantic trade lane since prices started moving downwards in May last year. However, unlike on fronthaul trades out of the Far East, rates from North Europe to the US East Coast are still considerably higher than their pre-pandemic levels. As of 24 April, spot rates had fallen to 3 090 USD per FEU, with long-term contracts now at 4 750 USD per FEU. Continue Reading
Product Updates
Air Platform Update | April, 2023
Air Benchmark Changes
At Xeneta, we constantly work to make sure our data is as representative of the market as possible. This means we’re always looking for ways to improve. This week, we’ve implemented a few data quality changes in our commitment to maintaining a strong level of market accuracy. Through these updates, you may see some changes to your coverage. All data visible in the platform has now been through an extra level of quality checking and is on-par with our ocean platform methodology.
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